|
|
|
MIRA INFORM REPORT
|
Report No. : |
484359 |
|
Report Date : |
08.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
WHITE 'N' WHITE MINERALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Jodhpur Tower, Ground Floor, Paota, Jodhpur - 342006, Rajasthan |
|
Tel. No.: |
91-291-2551872 / 2550851 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
14.12.1995 |
|
|
|
|
Com. Reg. No.: |
17-011231 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 8.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U14101RJ1995PTC011231 |
|
|
|
|
IEC No.: |
Not Applicable (As informed by the management that firm does
not have export and import) |
|
|
|
|
CST/ TIN No.: |
08662602263 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACW1337M |
|
|
|
|
GSTIN/UIN : |
08AAACW1337M1Z5 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturing of Quick Lime, Hydrated Lime, Chuna
and Trading of Limestone, Quick Lime, Hydrate Lime, Chuna and Petcoke. (Registered
activity and also Confirmed by management) |
|
|
|
|
No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject was incorporated in the year 1995. It is a manufacturer of
quick lime, hydrated lime and chuna. It is also a trader of limestone, quick
lime, hydrated lime, chuna and pertcoke. As per the financial record of 2017, the company has reported a decline
in its revenue as compared to the previous year but has managed to maintain
an average net profit margin of 1.12%. The satisfactory financial position of the company is marked by
sufficient networth base along with slightly high debt balance sheet profile
and acceptable liquidity position. Business is active. Payments are reported to be slow but correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 08.01.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Ajay Kumar Agarwal |
|
Designation : |
Director |
|
Contact No.: |
91-9829026751 |
|
Date : |
06.01.2018 |
LOCATIONS
|
Registered Office : |
Jodhpur Tower, Ground Floor, Paota, Jodhpur - 342006, Rajasthan |
|
Tel. No.: |
91-291-2551872 / 2550851 |
|
Mobile No.: |
91-9829026751 (Mr. Ajay Kumar Agarwal) 91-9829022851 (Mr. Sanjay Kumar Agarwal) |
|
Fax No.: |
91-291-2549851 |
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E-Mail : |
|
|
Website : |
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|
Area : |
500 Sq. Ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory : |
Godan Road, Borunda, Tehsil: Bilara, Jodhpur – 342604, Rajasthan,
India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Hari Prasad Agarwal |
|
Designation : |
Director |
|
Address : |
43-C, Shakti Nagar, Second Road, Paota Road, Jodhpur-342006,
Rajasthan, India |
|
Date of Appointment : |
15.05.1997 |
|
DIN No : |
00857187 |
|
|
|
|
Name : |
Mr. Ajay Kumar Agarwal |
|
Designation : |
Director |
|
Address : |
43-C, Shakti Nagar, Second Road, Paota Road, Jodhpur-342006,
Rajasthan, India |
|
Date of Appointment : |
05.01.2007 |
|
DIN No : |
01187036 |
|
|
|
|
Name : |
Mr. Sanjay Kumar Agarwal |
|
Designation : |
Director |
|
Address : |
Shri Pitri Kripa, 43-C, Shakti Nagar, Second Road, Paota Road,
Jodhpur-342006, Rajasthan, India |
|
Date of Birth/Age : |
24.07.1973 |
|
Date of Appointment : |
31.03.2007 |
|
DIN No : |
01422433 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Ajay Agrawal |
|
127500 |
|
Hari Prasad Agarwal |
|
197000 |
|
Hari Prasad Agarwal and Sons |
|
75000 |
|
Sanjay Agarwal |
|
147500 |
|
Maina Devi Agarwal |
|
143000 |
|
Devnarayan Agarwal |
|
18000 |
|
Padam Chand Jain |
|
18000 |
|
Ram Pratap Garg |
|
18000 |
|
Roop Chand Sethi |
|
16000 |
|
Bheru Lal Sarwa |
|
20000 |
|
Om Prakash Sarwa |
|
20000 |
|
Suresh Kumar Agarwal |
|
30000 |
|
Babulal Bhutra |
|
20000 |
|
Total |
|
850000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
55.53 |
|
Public/Other than promoters (Individual/Hindu Undivided Family-Indian) |
44.47 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Quick Lime, Hydrated Lime, Chuna
and Trading of Limestone, Quick Lime, Hydrate Lime, Chuna and Petcoke. (Registered
activity and also Confirmed by management) |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
L/C, Cheque and Credit (60 Days), Others (RTGS) |
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Purchasing : |
L/C, Cheque and Credit (60 Days), Others (RTGS) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Manufacturers
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No. of Employees : |
300 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
Mertia Daga and Associates Chartered Accountants |
|
Address : |
Plot No. 155, Patrakar Colony, New Power House Road Circle,
Jodhpur-342001, Rajasthan, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAMFS7472E |
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|
|
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
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|
Other Related Parties : |
|
CAPITAL STRUCTURE
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
850000 |
Equity Shares |
INR 10/- each |
INR 8.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
850000 |
Equity Shares |
INR 10/- each |
INR 8.500 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
8.500 |
8.500 |
8.500 |
|
(b) Reserves & Surplus |
19.501 |
15.848 |
12.470 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
28.001 |
24.348 |
20.970 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
47.045 |
49.971 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
5.100 |
5.100 |
2.500 |
|
(d) Long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
52.145 |
55.071 |
2.500 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
155.876 |
130.535 |
100.882 |
|
(b) Trade
payables |
32.551 |
52.509 |
47.182 |
|
(c) Other
current liabilities |
7.077 |
7.708 |
5.103 |
|
(d) Short-term
provisions |
2.076 |
0.853 |
0.776 |
|
Total Current
Liabilities (4) |
197.580 |
191.605 |
153.943 |
|
|
|
|
|
|
TOTAL |
277.726 |
271.024 |
177.413 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
94.137 |
91.472 |
46.486 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.291 |
0.449 |
0.396 |
|
(d)
Long-term Loan and Advances |
1.038 |
2.433 |
2.686 |
|
(e) Other Non-current
assets |
0.003 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
95.469 |
94.354 |
49.568 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
5.199 |
22.278 |
9.829 |
|
(c) Trade receivables |
166.716 |
145.588 |
110.419 |
|
(d) Cash
and cash equivalents |
1.434 |
1.358 |
0.689 |
|
(e)
Short-term loans and advances |
1.789 |
0.824 |
1.823 |
|
(f) Other
current assets |
7.119 |
6.622 |
5.085 |
|
Total
Current Assets |
182.257 |
176.670 |
127.845 |
|
|
|
|
|
|
TOTAL |
277.726 |
271.024 |
177.413 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
324.892 |
391.864 |
347.700 |
|
|
Other Income |
9.677 |
3.982 |
0.198 |
|
|
TOTAL |
334.569 |
395.846 |
347.898 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
213.005 |
226.799 |
233.552 |
|
|
Purchases of
Stock-in-Trade |
74.382 |
118.997 |
75.475 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(1.621) |
(0.186) |
0.154 |
|
|
Employees benefits
expense |
10.545 |
9.460 |
6.715 |
|
|
Other expenses |
13.213 |
20.718 |
18.678 |
|
|
TOTAL |
309.524 |
375.788 |
334.574 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
25.045 |
20.058 |
13.324 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
19.088 |
14.352 |
9.830 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
5.957 |
5.706 |
3.494 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.151 |
1.034 |
2.038 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
4.806 |
4.672 |
1.456 |
|
|
|
|
|
|
|
Less |
TAX |
1.152 |
1.185 |
0.452 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
3.654 |
3.487 |
1.004 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
11.952 |
8.574 |
7.570 |
|
|
|
|
|
|
|
Less |
Transfer
from Fixed Assets |
0.000 |
0.109 |
0.000 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
15.606 |
11.952 |
8.574 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
4.30 |
4.10 |
1.18 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current
Maturities of Long term debt |
|
|
|
|
-Bajaj Finvest |
0.000 |
0.774 |
0.000 |
|
-HDFC Bank Limited |
0.000 |
0.702 |
0.000 |
|
-Religare Finvest Limited |
3.669 |
3.233 |
0.000 |
|
-ICICI Bank Limited |
0.000 |
1.693 |
0.000 |
|
Total
|
3.669 |
6.402 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
(4.135) |
(24.853) |
(1.643) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
187.30 |
135.61 |
115.91 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
1.95 |
2.69 |
3.15 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
41.34 |
55.43 |
55.73 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
4.82 |
0.90 |
1.36 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.27 |
0.22 |
0.29 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.89 |
0.91 |
0.87 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
7.38 |
7.68 |
4.81 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
7.06 |
7.87 |
7.34 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
3.36 |
3.76 |
2.22 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.31 |
1.40 |
1.36 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
1.12 |
0.89 |
0.29 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.32 |
1.29 |
0.57 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
13.05 |
14.32 |
4.79 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.92 |
0.92 |
0.83 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.90 |
0.81 |
0.77 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.10 |
0.09 |
0.12 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
24.30 |
21.99 |
11.87 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.92 |
0.92 |
0.83 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
8.500 |
8.500 |
8.500 |
|
Reserves & Surplus |
12.470 |
15.848 |
19.501 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
20.970 |
24.348 |
28.001 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
49.971 |
47.045 |
|
Short term borrowings |
100.882 |
130.535 |
155.876 |
|
Current Maturities of
Long term debt |
0.000 |
6.402 |
3.669 |
|
Total borrowings |
100.882 |
186.908 |
206.590 |
|
Debt/Equity ratio |
4.811 |
7.677 |
7.378 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
347.700 |
391.864 |
324.892 |
|
|
|
12.702 |
(17.091) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
347.700 |
391.864 |
324.892 |
|
Profit/(Loss) |
1.004 |
3.487 |
3.654 |
|
|
0.29% |
0.89% |
1.12% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
BRIEF DESCRIPTION OF
THE COMPANY’S WORKING DURING THE YEAR/ STATE OF COMPANY’S AFFAIR:
The company’s turnover this year was INR 324.892 Million as against the
turnover of INR 391.864 Million of the corresponding previous year. The
company’s net profit before tax is INR 4.806 Million during the year against
net profit before tax of INR 4.672 Million incurred in the corresponding
previous year.
INDUSTRY SCENARIO
AND STATE OF COMPANY’S AFFAIRS:
The company is engaged in the business of manufacturing of quick lime, hydrated
lime, chuna and trading of limestone, quick lime, hydrated lime, chuna and
petcoke. The company of hopeful of better business and is planning certain
expansion plans for tone ahead.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
From Promoters Director Members and their Relatives |
104.749 |
77.957 |
|
|
|
|
|
Total |
104.749 |
77.957 |
INDEX
OF CHARGES
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C61349999 |
10585310 |
RELIGARE FINVEST LIMITED |
13/08/2015 |
- |
- |
55000000.0 |
D3, P3B,District Centre, Saket New Delhi 110017 INDIA |
|
2 |
C60980885 |
10201349 |
KOTAK MAHINDRA BANK LIMITED |
11/01/2010 |
15/07/2015 |
- |
100000000.0 |
947,10TH 'D' ROAD, SARDARPURA, JODHPUR RAJASTHAN 342001 INDIA |
|
3 |
Y10148424 |
90065904 |
STATE BANK OF BIKANER & JAIPUR |
20/08/1998 |
05/02/2004 |
- |
1000000.0 |
PAOTA BRANCH JODHPUR RAJASTHAN INDIA |
|
4 |
A78413101 |
90066838 |
STATE BANK OF BIKANER AND JAIPUR |
20/08/1998 |
11/04/2008 |
08/02/2010 |
20000000.0 |
PAOTA BRANCH JODHPUR RAJASTHAN INDIA |
|
5 |
A20947701 |
90071121 |
RAJASTHAN FINANCIAL CORPORATION |
11/11/2003 |
- |
14/02/2005 |
1400000.0 |
UDYOG BHAWAN JODHPUR RAJASTHAN INDIA |
|
6 |
A20947834 |
90070972 |
RAJASTHAN FINANCIAL CORPORATION |
13/12/2002 |
- |
03/11/2004 |
2100000.0 |
UDYOG BHAWAN JODHPUR RAJASTHAN INDIA |
|
7 |
A20947925 |
90070815 |
RAJASTHAN FINANCIAL CORPORATION |
28/11/2001 |
16/12/2002 |
23/10/2004 |
1066000.0 |
UDYOG BHAWAN JODHPUR RAJASTHAN INDIA |
|
8 |
Y10148395 |
90065875 |
RAJASTHAN FINANICAL CORPORATION |
29/06/1996 |
- |
28/11/2001 |
4175000.0 |
UDYOG BHAWAN JODHPUR RAJASTHAN INDIA |
FIXED ASSETS
- Air Conditioner
- Agriculture Land
- Building
- Car
- Computer
- Cooler
- Crane
- Currency Counting Machine
- Fax Machine
- Furniture and Fixtures
- Generator
- Inverter
- Laboratory Equipments
- Land
- Loader
- Mobile and Tele Instrument
- Office Block
- Office Equipments
- Plant and Machinery
- Temple
- Tractors
- Water Filter
- Weigh Bridge
- Weighing Equipments
- Welding Machine
- Scooter
- Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market survey
revealed that the amount of compensation sought by the subject is fair and
reasonable and comparable to compensation paid to others for similar services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 63.38 |
|
|
1 |
INR 86.02 |
|
Euro |
1 |
INR 76.50 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.